XAUEURG trade ideas
11-Feb-2017 Forecast Elliott Wave and Regression TL to XAUEUR11-Feb-2017 Forecast Elliott Wave and Regression TL to XAUEUR
XAUEUR SELL IDEA gold euro is looking like its setting up to sell beggining this week! some people may look at this price action as a classic head and shoulders, also a valid view point, to me its an impulse follwed by a correction giving a good sell indication. fif it hasnt gapped already by market open, we can look to sell, if it has gapped, itd be a good idea to wait for some sort of retracement or close of gap. and then wait for a good sell indication to enter as sell. no jumping in candles.
Trend ContinuationGold has been in a bull trend because the market uncertainty " the Brexit and Trump". I m long in a pullback of the trend ( ABCD pattern), but I m going to close the trade before the new about the Interest Rate from the Euro.
GOLDGold has bounced from support as expected. I see three clear price ranges that will drive my trading for next weeks.
GOLDGold is rebounding from support and RSI is developing in a bullish manner. I expect more upside movement in the next days possibly up to the 200 day MA.
xaueur reversalbeen watching this chart closely for the right moment and it seems gold euro will be heading up for a big ride and is almost ready to go! i plan to get in at the bottom but my entry may not hit and price may take off without me. its ok though, this is what i see and this is how i trade, you should trade what you see! enter at YOUR entry and take YOUR setup based on YOUR strategy. if you do not have one then best to stay out these markets until you have one.
GOLDGold is moving over a critical support band. Moreover, a bullish RSI divergence is developing. Expect some bullish movement in the next weeks.
